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2023
Exports $242kWorld Rnk 81 / 123
Flag Rnk 1042 / 1188
2023
Destination $56.5k Malaysia
2022 - 2023
FASTEST GROWING MARKET $56.5kIndia
2023
PRODUCT COMPLEXITY IN Scrap Waste-0.5Rnk 705 / 1025
2023
Imports $8.88MWorld Rnk 15 / 105
Flag Rnk 918 / 1208
2023
Origin $2.77M Lebanon
2022 - 2023
FASTEST GROWING ORIGIN $2.77MLebanon
2023
ECONOMIC COMPLEXITY of South Korea1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $242k in Scrap Waste, making it the 81st largest exporter of Scrap Waste in the world. At the same year, Scrap Waste was the 1042nd most exported product in South Korea. The main destination of Scrap Waste exports from South Korea are: Malaysia ($94.5k), Chinese Taipei ($83.9k), India ($63.6k), and Belgium ($56).

The fastest growing export markets for Scrap Waste of South Korea between 2022 and 2023 were India ($56.5k) and Belgium ($56).

Imports In 2023, South Korea imported $8.88M in Scrap Waste, becoming the 15th largest importer of Scrap Waste in the world. At the same year, Scrap Waste was the 918th most imported product in South Korea. South Korea imports Scrap Waste primarily from: Lebanon ($3.39M), Malaysia ($1.96M), Australia ($1.7M), Chinese Taipei ($1.12M), and Japan ($409k).

The fastest growing import markets in Scrap Waste for South Korea between 2022 and 2023 were Lebanon ($2.77M), Chinese Taipei ($1.12M), and Japan ($383k).

Latest Trends

December 2024

About

Overview In December 2024 South Korea's Scrap Waste exports accounted up to $0 and imports accounted up to $89k, resulting in a negative trade balance of $89k. Between November 2023 and December 2024 the exports of South Korea's   Scrap Waste have decreased by $-67k (-100%) from $67k to $0, while imports increased by $23k (34.8%) from $66k to $89k.

Destinations In December 2024, Scrap Waste were exported mostly to Vietnam ($0) and Netherlands ($0), and were imported mostly from Netherlands ($46k) and Vietnam ($43k).

Growth In December 2024, the decrease in Scrap Waste's year-by-year exports was explained primarily by a decrease in exports to . In December 2024, the increase in Scrap Waste's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - December 2024)$-67k(-100%)
IMPORT GROWTH (November 2023 - December 2024)$23k(34.8%)
MAIN DESTINATION (December 2024)Vietnam$0

This section shows Scrap Waste's exports and imports data at subnational level for South Korea. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Scrap Waste over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$242k
IMPORTS (2023)$8.88M
NET TRADE (2023)-$8.64M

In 2023, South Korea exported $242k in Scrap Waste. The main destinations of South Korea exports on Scrap Waste were Malaysia ($94.5k), Chinese Taipei ($83.9k), India ($63.6k), and Belgium ($56).

In 2023, South Korea imported $8.88M in Scrap Waste, mainly from Lebanon ($3.39M), Malaysia ($1.96M), Australia ($1.7M), Chinese Taipei ($1.12M), and Japan ($409k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Scrap Waste EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
India$56.5k (796%)
Belgium$56 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Waste BY South Korea WERE (2022 - 2023):
Malaysia-$1.66M (-94.6%)
Chinese Taipei-$87.1k (-50.9%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Scrap Waste were:
France $91.4M
Germany $86.7M
United States $62.2M
In 2023, South Korea's main importing competitors in Scrap Waste were:
India $154M
Italy $109M
Malaysia $75.7M

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Trade Value of Scrap Waste by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $25.7k
TOP IMPORT POTENTIALJapan+ $117k

Scrap Waste’s highest export potential is India. With an export gap of $25.7k.   Scrap Waste’s highest import potential is Japan with an import gap of $117k.

See methodology.

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